Myanmar: Non-Enclosed Loudspeakers Market 2024

Non-Enclosed Loudspeakers Market Size in Myanmar

The Myanmar's non-enclosed loudspeakers market skyrocketed to $X in 2021, with an increase of 41% against the previous year. Overall, consumption continues to indicate resilient growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Non-Enclosed Loudspeakers Production in Myanmar

In value terms, non-enclosed loudspeakers production surged to $X in 2021 estimated in export price. Overall, production posted strong growth. The growth pace was the most rapid in 2019 when the production volume increased by 100%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Non-Enclosed Loudspeakers Exports

Exports from Myanmar

In 2021, approx. X units of loudspeakers (not in enclosure) were exported from Myanmar; declining by -10.4% compared with the previous year. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 481%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, non-enclosed loudspeakers exports dropped significantly to $X in 2021. In general, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 631% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Hong Kong SAR (X units) and Japan (X units) were the main destinations of non-enclosed loudspeakers exports from Myanmar, together comprising 85% of total exports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +118.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-enclosed loudspeakers exported from Myanmar were Japan ($X), China ($X) and Hong Kong SAR ($X), with a combined 73% share of total exports.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +133.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average non-enclosed loudspeakers export price amounted to $X per unit, with a decrease of -9.4% against the previous year. In general, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2017 an increase of 34% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+42.1%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Enclosed Loudspeakers Imports

Imports into Myanmar

In 2021, supplies from abroad of loudspeakers (not in enclosure) decreased by -5.8% to X units, falling for the fifth year in a row after three years of growth. Over the period under review, imports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 133% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, non-enclosed loudspeakers imports reduced to $X in 2021. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 116% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and Thailand (X units) were the main suppliers of non-enclosed loudspeakers imports to Myanmar, together comprising 88% of total imports. South Korea, the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +34.0%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of loudspeakers (not in enclosure) to Myanmar, comprising 68% of total imports. The second position in the ranking was taken by India ($X), with an 11% share of total imports. It was followed by Singapore, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.7% per year) and Singapore (+2.8% per year).

Import Prices by Country

In 2021, the average non-enclosed loudspeakers import price amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2017 an increase of 159%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Singapore ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+63.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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